AT&T Unveils $14B Infrastructure Plan; Raises Dividend

AT&T Inc. said it plans to invest $14 billion over the next three years to significantly expand its wireless and wireline IP broadband networks, dubbed Project Velocity IP, in an effort to support increased customer demand for high-speed Internet.

Shares fell 3.1% to $33.72 in recent trading. The stock is up about 15% this year.

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